Business Insurance

Here at Gould Insurance, we believe in getting to know you, the business owner, before we begin the process of advising you on the types of commercial insurance your business may need. After all, your business reflects your unique profile and is a product of your own hard work. Our agency is here to support you with the most affordable and comprehensive commercial insurance products, customizing the policy that’s right for your business.

We work with all sizes of companies in many industries located around the Merrimack Valley, in Amesbury and the surrounding communities of Newburyport, Salisbury, Newbury, West Newbury, South Hampton and Seabrook, NH. Starting with a standard Business Owners Policy (BOP) and extending into additional layers of protection such as Data Breach and Cyber Security policies, we strive to find the best fit to match your current and future business plans.

I hired a part-time employee. Do I need to cover them under a worker’s compensation policy?

Do I have to list all my employees as drivers on my business auto policy?

I hired a general contractor who asked to be listed on the Certificate of Insurance as an Additional Insured. What does that mean?

Why are my General Liability and Worker’s Compensation policies audited?

I run a small business out of my house. Do I need a business policy or will my homeowners’ policy cover me?

Does my business need Data Breach coverage?

I hired a part-time employee. Do I need to cover them under a worker’s compensation policy?

Yes, any part-time or full-time employee needs to be covered under a worker’s compensation policy in both Massachusetts and New Hampshire.

Do I have to list all my employees as drivers on my business auto policy?

Yes, all employees who drive any of your business vehicles must be listed as operators.

I hired a general contractor who asked to be listed on the Certificate of Insurance as an Additional Insured. What does that mean?

You are now sharing your general liability limit with the general contractor and providing defense coverage for them in case a lawsuit is filed against you and your company.

Why are my General Liability and Worker’s Compensation policies audited?

General Liability and Worker’s Compensation policies are rated based on estimated payroll for you and your employees. Newly hired employees and uninsured subcontractors are automatically covered under these policies. Your company needs to audit the collected premium for these additional exposures and any change in payroll during the policy term.

I run a small business out of my house. Do I need a business policy or will my homeowners’ policy cover me?

Most homeowners’ policies give you very limited coverage for a business. If you are eligible, a business owners’ policy will provide liability and business personal property coverage for your business. Most policies start with a $500 annual premium. Call us to see if you qualify for this important policy.

Does my business need Data Breach coverage?

Yes, if your business is involved in collecting personal data of any kind, you will need to invest in Data Breach coverage. The team at Gould is here to help you evaluate your company’s need for a Data Breach policy.